Note: The following calculator requires Java support.
INSTRUCTIONS: Fill in the number of payments(or months) of the loan; the interest rate (i.e., 10.25, 9.75, 8.75); and the Principal (total amount- NO COMMAS) of the loan to see how much the monthly payments will be.
You can vary the number of months, the interest rate or the amount of the loan to see what effect there is on the monthly payments by using the second and third tables.
While normally accurate, this calculator is here for demonstration purposes only. Your actual lender will supply you with your actual loan payment.
Note: When entering dollar amounts, Do Not Use Commas or Dollar Signs. $15,000 should be entered as 15000.